https://www.taxtmi.com/caselaws?id=361163 The Tribunal allowed the appeal, ruling that the assessment order under Section 153C was invalid as it lacked incriminating material. The documents used did not reveal undisclosed income or link to share capital. The onus of proving share applicants' identity, creditworthiness, and genuineness was not fulfilled. Previous cases within the group supported this decision, resulting in the deletion of the addition under Section 68. en-us Tue, 29 May 2018 00:00:00 +0530 Wed, 30 May 2018 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361163 The Tribunal allowed the appeal, ruling that the assessment order under Section 153C was invalid as it lacked incriminating material. The documents used did not reveal undisclosed income or link to share capital. The onus of proving share applicants' identity, creditworthiness, and genuineness was not fulfilled. Previous cases within the group supported this decision, resulting in the deletion of the addition under Section 68. Case-Laws Income Tax Tue, 29 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361163